Buzzing Stocks: Railway company jumps 12%, most in a year; Here are the key triggers

Shares of Titagarh Rail Systems Ltd. gained as much as 12% on Tuesday, April 7, after the company's subsidiary got an in-principle approval for ₹610 crore brownfield expansion project in Falta, West Bengal.

The project is under the Centre's shipbuilding development scheme and the approval was granted by the ministry of ports, shipping and waterways.

Under the scheme, the Centre will extend capital assistance of around ₹129 crore towards eligible plant and machinery, subject to compliance the guidelines of the scheme.

On Monday, brokerage firm Jefferies initiated coverage on Titagarh Rail with a 'buy' rating and a price target of ₹810 per share.

The brokerage estimates the company to be a key beneficiary of the increasing passenger and metro coach demand. It sees a 35% revenue compound annual growth rate (CAGR) and a 43% earnings per share (EPS) CAGR over the financial year 2026-2030. This will be led by a 14x increase in its passenger segment revenue in the next five years, with a strong order book which lends visibility.

A total of 11 of the 12 analysts who have coverage on Titagarh Rail have a 'buy' rating while the remaining one has a 'hold' recommendation.

Shares of Titagarh Rail are trading 12.1% higher on Tuesday at ₹716.5. The stock is still down 19% so far in 2026 and has corrected over 25% from its 52-week high of ₹974.35. This is also the fourth straight day of gains for the stock, during which it has gained 23%.

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